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Silver Price Forecast: XAG/USD Rallies as Weak US Jobs Data Boosts Rate Cut Hopes

From investingcube.com

Silver prices rallied on Thursday after disappointing US employment data triggered broad selling in the US dollar, allowing the precious metal to recover from recent weakness. XAG/USD is currently trading around $61.10 per ounce, rebounding strongly after the US economy added far fewer jobs than economists had expected in June. The move helped silver recover toward the upper end of this week’s trading range after recently hitting its lowest levels in several months. The rally follows one of silver’s weakest periods this year, with prices pressured by rising Treasury yields, a stronger dollar and expectations that the ... (full story)

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